Kuwaiti government debt increased to 88% of GDP in EU
Flow chart
Brussels - KUNA
At the end of the first quarter of 2014, the government debt to GDP ratio in the euro area stood at 93.9%, compared with 92.7% at the end of the fourth quarter of 2013, reported Eurostat on Tuesday.
The EU statistical office said that in the EU, the ratio increased from 87.2% to 88.0%.
Compared with the first quarter of 2013, the government debt to GDP ratio rose in both the euro area (from 92.5% to 93.9%) and the EU (from 86.2% to 88.0%).
The highest ratios of government debt to GDP at the end of the first quarter of 2014 were recorded in Greece (174.1%), Italy (135.6%) and Portugal (132.9%), and the lowest in Estonia (10.0%), Bulgaria (20.3%) and Luxembourg (22.8%).
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